The importance of a Will to ensure your loved ones are provided for cannot be emphasised enough. Can this be extended to your pets? The simple answer is yes, although the methods of provision can become complicated.
There are few different ways you can ensure your pets are cared for should they survive you.
One method might be to leave the pet together with a sum of money to a charity to ensure they find a new loving home for your pet.
Alternatively, you can name a specific person to leave the pet with. That person should be provided with a sum of money to care for the pet. There should also be a requirement that the person only receives the money if they agree to take on the responsibility for the pet.
Another solution could be to leave your executors with specific instructions to find someone appropriate to care for the pet.
Setting up a trust is another option, albeit complicated, can leave funds to the trustees to be used for the care of your pet until the pet’s death. Although, not as straightforward as the other options above, this would give you peace of mind knowing that you have provided for your pet for the rest of their life.
Here at Slater Heelis, we understand how important your pets are to you. They are another member of the family whose future needs to be considered. If you want further advice please contact the private client team on 0161 969 3131.